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Showing posts from February 28, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Chiliz $CHZ Growth Continues With Trio of New Listings

Chiliz $CHZ – the digital currency for sports and entertainment – has announced listings on the Bitcoin.com Exchange , HitBTC and Changelly platforms. Chiliz is the on-platform currency of fan engagement platform Socios.com , which is built on the Chiliz blockchain infrastructure. Socios.com allows sporting and entertainment organisations to monetize their global fanbases through digital assets known as Fan Tokens. 23 major sporting organisations have partnered with Socios.com to launch Fan Tokens including FC Barcelona, Juventus, Paris Saint-Germain and AC Milan. Many more major clubs will launch Fan Tokens in 2021. Several Fan Tokens have already been listed on major exchanges, with the Fan Token market cap currently exceeding $194M USD. PRESS RELEASE. Chiliz ($CHZ) – the leading digital currency for sports and entertainment, will be listed on the Bitcoin.com Exchange on March 03rd at 10am UTC. CHZ will be listed on Changelly in one week’s time. In addition to thes...
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Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

The firm Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging “Rakuten Cash” via crypto assets. Crypto Can Pay for Rakuten Goods and Services, Alongside Mister Donut, Familymart, and McDonald’s The massive Japanese electronic commerce and online retail company based in Tokyo is now allowing crypto users to leverage the company’s Rakuten Pay service in order to load up on Rakuten Cash. The payment service with crypto asset support provides clients with access to a wide range of Rakuten’s services and products including the firm’s travel services, Kobo e-books, and mobile. Moreover, users can load their Rakuten app with BCH , BTC , or ETH in order to purchase items at Familymart, McDonald’s, 7-11, and Mister Donut to name a few. Digital currency pro...
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Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin

Mad Money host Jim Cramer thinks he has a solution to save troubled video game retailer Gamestop with the help of bitcoin. He suggests that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into bitcoin stores. He believes his idea will work. Jim Cramer Has Idea to Use Bitcoin to Save Gamestop Mad Money Jim Cramer said on CNBC last week that he believes he has come up with a viable plan to help video game retailer Gamestop (GME). He said his idea will fix the company’s valuation. The Gamestop stock surged by over 100% last week after the company announced that its CFO Jim Bell would resign. His idea is for Gamestop to “become a dealer in crypto.” He noted that it is what Square and Paypal are doing, which he initially thought “seemed ridiculous” but then it “was ok.” Cramer is the host of Mad Money on CNBC and a former hedge fund manager who co-founded the financial website Thestreet.com. Cramer also pointed out that Nvidia is coming up with g...
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Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are here to stay. He is also getting used to the volatility of bitcoin and believes that institutional investors are willing to hold through price fluctuations. Kevin O’Leary Now a Bitcoin Believer Canadian investor and television personality Kevin O’Leary has changed his mind about bitcoin. He previously called the cryptocurrency “garbage” and a “giant nothing burger,” but now he has invested in bitcoin and thinks that it is no longer a fad. “I actually think that digital currencies are here to stay,” he said in an interview with CNBC last week. “Most people that are willing to hold them, including institutions over the last 90 days, are willing to deal with the volatility.” O’Leary elaborated: I am fascinated. I’m investing. I’m holding a 3% weighting in it between ethereum and bit...
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Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust

The newly launched Purpose Bitcoin ETF surpassed even the most bullish expectations but how does it differ from Grayscale’s GBTC Trust? Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance.  On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the fund quickly absorbed more than $333 million in market capitalization in just two days. Now that the long-awaited Bitcoin ETF is here, investors are curious about how it will compete with Grayscale Investments GBTC fund. On Feb. 17, Ark Investment Management founder and CEO Cathie Wood said the likelihood that U.S. regulators will approve a Bitcoin exchange-traded fund has gone up. Although exchange-traded funds (ETF) and exchange-traded notes (ETN) sound quite similar, there are fundamental differences in trading, risks, and taxation. What is...
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Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA

Bitcoin’s correction is accelerating, but a bounce off the 50-day moving average could give altcoins reason to rebound off lower support levels then move higher. Bitcoin ( BTC ) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and analysts can only point  to critical support levels that may hold based on historical data and evidence.  However, in a bear phase, the price tends to slip below key support levels as traders panic and sell out of fear, similar to how the price exceeds the upside targets during a bull run as traders buy due to FOMO. March has historically been a weak month for Bitcoin, which suggests seasonal traders may prefer to wait and watch rather than jump to buy on dips. This lack of demand may be one of the reasons for the Grayscale Bitcoin Trust premium dipping into the negative over the past week. Crypto mark...
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Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Crypto continues to enter mainstream usage. Google Finance users can now get a quick rundown of the top cryptocurrency prices with just one click. Google Finance has added crypto prices to the finance.google.com domain. The section, titled “Crypto,” now appears in the “Compare Markets” category alongside conventional stock and currency markets. The section provides key pricing information for various cryptocurrencies, including Bitcoin ( BTC ), Ether ( ETH ), Litecoin ( LTC ) and Bitcoin Cash ( BCH ). Google Finance users can now track the performance of various cryptocurrencies in just one click. Google's parent, Alphabet, also owns video platform YouTube — which has consistently irked crypto users by banning educational and news content, often seemingly at random. Cointelegraph and CoinDesk, the two largest publications in the crypto news space, have both been subject to suspensions that have subsequently been overturned after the video streaming platform confirmed they wer...
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Stone Ridge’s Open-End Mutual Fund to Invest in Bitcoin — SEC Filing Opens the Door for Other Mutual Funds to Add BTC

Asset management firm Stone Ridge has filed with the U.S. Securities and Exchange Commission (SEC) for its open-end mutual fund to invest in bitcoin. “This is a big deal. Stone Ridge filing opens the door for every mutual fund to add bitcoin,” said a fellow asset manager. Stone Ridge Wants Its Mutual Fund to Invest in Bitcoin Stone Ridge Trust filed Form N-1A with the U.S. Securities and Exchange Commission (SEC) last week. The filing, which is expected to become effective on April 26, relates to the Stone Ridge Diversified Alternatives Fund. The fund “seeks to generate total returns from diverse investment strategies that we believe have the potential for attractive returns and are diversifying from stocks and bonds,” the filing details. “These strategies include reinsurance, market risk transfer, style premium investing, alternative lending, single-family real estate, healthcare royalties, and bitcoin.” For the bitcoin investment strategy, the filing explains: [The fund] seek...
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Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm

Digital currency markets have been bearish in recent days as prices have continued to sink lower. The entire market capitalization of all the crypto assets in existence is down over 8% on Sunday at $1.25 trillion. Bitcoin has plummeted from its all-time high (ATH) of $58,350 last Sunday to today’s low of $43,189 per unit. Bitcoin (BTC) prices have dropped -25.98% since last Sunday and today the crypto asset has touched a new low. At 10:48 in the morning, New York time, BTC prices touched a low of $43,189 per coin. BTC is down over 7% today but is still up 28% during the last 30 days and 122% for the last three months. BTC dominance or the market valuation in comparison to the rest of the crypto economy’s valuations is around 61.23% today. Bitstamp BTC /USD 3-minute interval chart on February 28, 2021. At the time of publication, BTC has been trading hands at prices between $43,600 to just above the $44k handle. The second-largest crypto asset by market valuation is ether...
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NBA Top Shot leads NFT explosion with $230M in sales

The NFT craze has reached the NBA, with digital collectibles grossing $230 million in sales, according to Dapper Labs. Dapper Labs, the creator of the CryptoKitties game , is helping the National Basketball Association, or NBA, become a magnet for digital collectibles.  NBA Top Shot, a marketplace for non-fungible tokens, or NFTs, has generated over $230 million in sales, according to Dapper Labs. NBA Top Shot is built on Dapper’s Flow blockchain , allowing users to purchase “packs” that feature in-game moments. With packs almost always sold out, a secondary marketplace is the only way for users to access specific moments. Recently, a LeBron James highlight sold for $200,000. A Zion Williamson spotlight sold for around the same amount. NFTs, which exist entirely on the blockchain, are revolutionizing the traditional model of trading cards. In the case of NFTs, the value of a particular moment is governed by the same laws of supply and demand, though ownership is entirely dig...
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OLB Group enables crypto payments for thousands of US merchants

Small businesses can now accept cryptocurrency payments using OLB’s point-of-sale technology. OLB Group (OLB), a New York-based e-commerce merchant service provider, is making it easier for businesses to accept cryptocurrency payments . OLB’s more than 8,500 merchants are now able to accept Bitcoin ( BTC ), Ethereum ( ETH ), USDC and DAI at the point-of-sale through the company’s OmniSoft business management platform. Customers wishing to pay with cryptocurrency in-store or through their mobile phones can simply elect to do so with their cryptocurrency wallets. All payments are processed through SecurePay, a payment gateway that authenticates the transaction, converts the cryptocurrency to U.S. dollars and approves the final sale. The decision to integrate cryptocurrency payments was partly driven by the growth of contactless and online orders during the Covid-19 pandemic. With the OmniSoft platform already providing merchants with several options to facilitate payments, cryptocurr...
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20 Bitcoin Block Rewards from 2010 Moved Today, Mystery Miner Spent $400 Million in BTC Since Black Thursday

On Saturday, February 27, 2021, news.Bitcoin.com reported on the great number of 2010 and 2011 block rewards being spent this year. In that report, it was said that the mysterious whale entity we’ve been hunting “did not move a major string of bitcoin’s” since January 25. Following the publishing of that study, on Sunday, the old-school whale miner moved another 20 block rewards from 2010, as 1,000 bitcoins that sat idle for well over a decade were spent. 9,000 Decade-Old Bitcoins Spent Since March 11, 2020 Since mid-March, news.Bitcoin.com has been on the trail for an old-school bitcoin (BTC) miner that has been spending large strings of 2010 block rewards. A block reward is an incentive a bitcoin miner gets for finding a block on the Bitcoin blockchain and before 2012, all rewards were 50 BTC per block. Further, the technical term “spend” or “spent,” simply means the owner moved the coins, but it doesn’t necessarily mean the bitcoins were “sold” to another owner. On Sunday, F...
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Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions

Though the Tether settlement may help bring in more transparency, experts believe that state-centric bans may not be the way out. A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting the degree to which its Tether ( USDT ) reserves were backed by fiat collateral. According to the terms of the announced settlement, which now marks an end to the inquiry that was initiated by the NYAG back in Q1 2019, Bitfinex and Tether will pay the government body a fixed sum of $18.5 million but will not be required to admit to any wrongdoing. That being said, the settlement clearly states that henceforth, Bitfinex and Tether can no longer service customers in the state of New York. Furthermore, over the course of the ne...
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Dogecoin hasn't always been a 'fun meme coin'

Did you know that Dogecoin used to sponsor a NASCAR driver? Learn some unbelievable stories behind Elon Musk's "favorite" cryptocurrency. Dogecoin ( DOGE ) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2021. But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due to shilling and jokes from Tesla and SpaceX CEO Elon Musk, most likely have no idea of DOGE's early days. DOGE/USD 1-day candle chart (HitBTC). Source: Tradingview The early days Introduced by software engineers Billy Markus and Jackson Palmer in December 2013, Dogecoin's protocol followed Luckycoin and Litecoin ( LTC ) proof-of-work algorithm using Scrypt technology. It all started back on Christmas day, 2013, when Dogewallet announced that its webpage had been compromised , causing users to send funds to the hacker's address. The $12,000 worth of users' coins lost was fully reimbursed by Dog...
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